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Market News

Location American Market News for 24 October 2022

Banks Are Offering 4.5% CDs---Just Not to Regular Customers

Wall Street Journal - 24 Oct 2022 13:00
Banks are selectively raising certificate-of-deposit interest rates this year, and many are paying their best rates on brokered CDs, which well-off customers buy through brokerage firms
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Economists Warn U.S. Already In Recession Or Could Be Soon--The Latest In A Series Of Dismal Forecasts Slowing sales and shrinking profit margins were highlighted by economists as cause for concern, with many expecting costs for wages to fall significantly over the next three months.
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Down More Than 20% Last Month, Can AMD Stock Turn Things Around? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
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Intel Layoffs: Will Intel Stock Keep Going Up By Cutting Costs? Intel is expected to announce major layoffs of its workforce next month, lifting the stock price, but causing investors to debate whether or not the stock is a good buy.
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The Nasdaq Golden Dragon China Index, which tracks dozens of Chinese companies listed on American exchanges, fell more than 14% to its lowest closing level since April 2013.
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Chinese Stock Crash: Top Stocks Shed Nearly $70 Billion In U.S. As Xi's Third Term Puts Market On Edge The Nasdaq Golden Dragon China Index fell 14% Monday and is down nearly 80% from its February 2021 peak.
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Is Your Portfolio Positioned For A Lithium With last week's announcement that the White House is deploying nearly $3 billion to boost domestic output of EV batteries and the minerals used to make them, it may be time for investors to take notice.
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Credit Suisse Nears Sale of Key Unit

Wall Street Journal - 24 Oct 2022 20:31
Two bidding groups are vying for a securitized-products unit that doesn't fit the bank's new shape.
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The Federal Housing Finance Agency will require lenders that use credit scores for mortgage underwriting to use scores from both Fair Isaac Corp., the creator of FICO credit scores, and its competitor VantageScore.
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Wall Street's Most Hated Dividend Stocks

Forbes - 24 Oct 2022 16:34
Wall Street's Most Hated Dividend Stocks I love dividend stocks that analysts hate.
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Two Key ETFs For The Week Ahead

Forbes - 24 Oct 2022 16:03
Two Key ETFs For The Week Ahead The earnings reports for several key tech giants are likely making some holders of these stocks a bit nervous. But what is the outlook for those ETFs that have a high concentration in these same stocks?
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Markets Are Right to Fear Xi's Dream Team

Wall Street Journal - 24 Oct 2022 16:03
Hong Kong stocks swooned Monday after China unveiled a new leadership team packed with Xi Jinping's proteges. Markets don't always get things right - but this time they may have.
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Jeff Bezos Has An Airline Called Amazon Air - And It Just Bought 15% Of Hawaiian Airlines Amazon has agreed to purchase up to 15% of Hawaiian Airlines in exchange for the operation of 10 Airbus A330-300's.
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Is Another Gas Glut on The Horizon?

Wall Street Journal - 24 Oct 2022 14:18
High prices have prompted investment in new LNG supply, but it could all be too much if Russian gas finds a route back to market or buyers succeed in cutting their demand.
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Stock Futures Rise to Kick Off Busy Earnings Week

Wall Street Journal - 24 Oct 2022 14:02
U.S. stock futures crept higher as investors awaited a busy stretch of corporate earnings and evaluated the prospect of smaller interest-rate increases later this year.
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Chipotle's Q3 Earnings Preview: What Are We Watching? The expansion will probably continue for a long time if its concept is successful with other cultures CMG Peers shows how Chipotle's stock compares against peers on metrics that matter.
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Diwali gift: Senior citizens can 8.4% on FDs from this SFB for a limited period The offer is available till October month end. That being said, less than 8 days are left to avail of these attractive interest rates on FDs. The elderly can earn up to 8.4% per annum, while the general category is getti...
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A Better Quarter for GDP, a Worse Quarter for the Economy

Wall Street Journal - 24 Oct 2022 13:03
In the first half of the year, a contraction in gross domestic product belied rising demand. But the third-quarter GDP report will probably paint too rosy a picture.
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Stocks This Week: Buy Merck And Eli Lilly

Forbes - 24 Oct 2022 12:00
Stocks This Week: Buy Merck And Eli Lilly This is likely the last bearish week before a rally runs through the next two months.
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Fed Rate Slowdown Talk Offers Respite for Markets

Wall Street Journal - 24 Oct 2022 11:30
Signs that the Federal Reserve might soon slow the pace of its interest-rate increases helped calm Treasury yields at the end of last week, offering some hope to investors that a more-stable bond market could ease pressu...
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Will Coca-Cola Stock See Higher Levels Post Q3 Results? Looking at Q2 2022, Coca-Cola's sales of $11.3 billion reflected a 12% y-o-y growth, driven by a 12% rise in concentrate sales and a 4% rise in price/mix, 2% gains from the impact of acquisitions and divestitures, partly...
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Hong Kong Stocks Dive After China Party Meeting

Wall Street Journal - 24 Oct 2022 07:14
Almost all shares in the Hang Seng Index were trading lower, but Chinese technology stocks were particularly hard hit.
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